The AUD is losing out to the euro as short-term Australian rates have been relatively flat for the past six months.

在过去六个月澳洲利率一直相对平稳，使得短期澳元利率相对欧元较为逊色。

youdao

So although the deficits in New Zealand and Australia are both perilous if the RBA raise rates later this year and the RBNZ cut, then we would expect the AUD to out-perform the NZD.

所以尽管一旦澳大利亚储备银行提高利率，而新西兰储备银行降低利率，新西兰和澳大利亚的赤字都很危险，我们仍然期待澳元超过新西兰元。

youdao